billion in reparations from energy companies for bad weather New York Gov. Kathy Hochul (D) ratified climate alarmist legislation Thursday that will have the state confiscate billions of dollars from American oil, gas, and coal companies as reparations for bad weather. Critics have suggested the law will likely face legal challenges and adversely impact consumers in the meantime.
The so-called Climate Change Superfund Act, which takes for granted that anthropogenic climate change is both real and a "grave threat to the state's communities, environment, and economy," requires those energy companies that have long kept lights on and engines roaring in the state to "bear a proportionate share of the cost of infrastructure investments and other expenses necessary for comprehensive adaptation to the impacts of climate change."
The authors of the legislation were apparently keen to discount the fact that those emissions were the product of New Yorkers' collective demand and use.